Dodd-Frank Investment Advisers
SEC to Examine Significant Percentage of New Hedge Fund Registrants
Investment Advisers Norm Champ, Deputy Director, Office of Compliance Inspections and Examinations at the SEC, gave his insghts as to the SEC’s plans to examine hedge fund sponsors who were required to newly register as investment advisers under the Dodd-Frank Act. According to Mr. Champ, the SEC strategy for these new registrants will include: an initial phase [...] Read more →
Comments Begin on JOBS Act
Broker-Dealer, Investment Advisers, Private Equity, Public Companies and Securities, Uncategorized High profile groups have begun to submit comments on the JOBS Act to try and steer rulemaking in the correct direction. The Federal Regulation of Securities Committee, Business... Read more →
SEC Official Discusses Risks and Examination Process for Private Equity
Investment Advisers, Private Equity Carlo V. di Florio, who is the Director of the Office of Compliance Inspections and Examinations at the SEC recently gave his views as to key points the SEC will consider in the... Read more →
SEC Denies No Action Request Under Family Office Rule
Investment Advisers A recent no-action letter provides some clarification on the application of the new exemption from registration under the Investment Advisers Act of 1940 for “family offices.”... Read more →
SEC Appoints Investor Advisory Committee
Investment Advisers, Private Equity, Public Companies and Securities, Uncategorized The SEC has announced the formation of a new Investor Advisory Committee required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The 21-member committee... Read more →
FSOC Approves Rule to Designate Nonbank Financial Companies for Enhanced Oversight
Banking, Broker-Dealer, Insurance, Investment Advisers Section 113 of the Dodd-Frank Act authorizes the Financial Stability Oversight Council, or FSOC, to require a nonbank financial company to be supervised by the Board of Governors... Read more →
SEC Commissioner Urges Use of Exemptive Authority for Fund Managers
Investment Advisers, Private Equity SEC Commissioner Daniel M. Gallagher urged the use of exemptive authority by the SEC for certain fund managers in a speech given before the Investment Adviser Association’s... Read more →
SEC Commissioner Addresses Liability of Investment Adviser Legal and Compliance Officers
Broker-Dealer, Investment Advisers, Private Equity SEC Commissioner Daniel M. Gallagher gave his views on the liability of an investment adviser’s legal and compliance personnel at remarks for PLI’s “The SEC Speaks in... Read more →
SEC Adopts Final Rules on Advisory Performance Fees
Investment Advisers, Private Equity The SEC has adopted a final rule on investment advisory performance fees to raise the net worth requirement for investors who pay performance fees, by excluding the value of the... Read more →
CFTC Eliminates Key Exemption From Registration as a Commodity Pool Operator
Derivatives, Investment Advisers The CFTC has eliminated the exemption from registration as a commodity pool operator, or CPO, set forth in CFTC Rule 4.13(a)(4). The Rule provided an exemption from CPO... Read more →